Brokerages expect Altra Industrial Motion Corp (NASDAQ:AIMC) to announce $0.59 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Altra Industrial Motion’s earnings. Altra Industrial Motion reported earnings per share of $0.48 in the same quarter last year, which suggests a positive year over year growth rate of 22.9%. The company is expected to report its next quarterly earnings report before the market opens on Thursday, October 25th.

According to Zacks, analysts expect that Altra Industrial Motion will report full year earnings of $2.58 per share for the current fiscal year. For the next year, analysts forecast that the company will report earnings of $3.39 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Altra Industrial Motion.

Altra Industrial Motion (NASDAQ:AIMC) last issued its quarterly earnings data on Thursday, July 26th. The industrial products company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. The firm had revenue of $237.32 million for the quarter, compared to analysts’ expectations of $239.02 million. Altra Industrial Motion had a net margin of 5.87% and a return on equity of 16.87%. The firm’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 EPS.

A number of equities research analysts recently commented on AIMC shares. Sidoti raised shares of Altra Industrial Motion from a “neutral” rating to a “buy” rating and set a $51.00 price objective on the stock in a research note on Thursday, August 30th. ValuEngine cut shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Zacks Investment Research cut shares of Altra Industrial Motion from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. BMO Capital Markets lowered their price objective on shares of Altra Industrial Motion from $59.00 to $56.00 and set an “outperform” rating on the stock in a research note on Thursday, August 30th. Finally, BidaskClub raised shares of Altra Industrial Motion from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Altra Industrial Motion has a consensus rating of “Buy” and an average price target of $52.00.

In other Altra Industrial Motion news, VP Todd Patriacca sold 3,300 shares of the firm’s stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $46.00, for a total transaction of $151,800.00. Following the sale, the vice president now directly owns 22,590 shares of the company’s stock, valued at approximately $1,039,140. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. WealthTrust Fairport LLC boosted its stake in shares of Altra Industrial Motion by 131.4% during the 2nd quarter. WealthTrust Fairport LLC now owns 3,934 shares of the industrial products company’s stock worth $170,000 after purchasing an additional 2,234 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Altra Industrial Motion by 316.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,094 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 3,111 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new stake in shares of Altra Industrial Motion during the 2nd quarter worth about $218,000. Xact Kapitalforvaltning AB boosted its stake in shares of Altra Industrial Motion by 33.8% during the 1st quarter. Xact Kapitalforvaltning AB now owns 5,537 shares of the industrial products company’s stock worth $254,000 after purchasing an additional 1,400 shares during the last quarter. Finally, UBS Group AG boosted its stake in shares of Altra Industrial Motion by 138.7% during the 1st quarter. UBS Group AG now owns 6,589 shares of the industrial products company’s stock worth $303,000 after purchasing an additional 3,829 shares during the last quarter. 99.87% of the stock is currently owned by institutional investors.

NASDAQ AIMC traded up $0.10 during trading hours on Monday, reaching $38.71. The company’s stock had a trading volume of 2,728,382 shares, compared to its average volume of 652,213. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 18.88 and a beta of 1.69. Altra Industrial Motion has a fifty-two week low of $37.80 and a fifty-two week high of $53.70. The company has a current ratio of 2.58, a quick ratio of 1.50 and a debt-to-equity ratio of 0.63.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Monday, September 17th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, September 14th. This represents a $0.68 dividend on an annualized basis and a yield of 1.76%. Altra Industrial Motion’s payout ratio is 33.17%.

Altra Industrial Motion Company Profile

Altra Industrial Motion Corp. designs, produces, and markets mechanical power transmission components worldwide. The company operates through three segments: Couplings, Clutches and Brakes; Electromagnetic Clutches and Brakes; and Gearing. It offers coupling products under the Ameridrives, Bibby, Lamiflex, TB Wood's, Huco Dynatork, Guardian, and Stromag brands for food processing, oil and gas, power generation, material handling, medical, metals, mining, and mobile off-highway markets; and heavy duty clutches and brakes under the Wichita Clutch, Twiflex, Industrial Clutch, Svendborg Brakes, and Stromag brands for use in metal forming, oil and gas drilling platforms, mining, material handling, marine, and wind turbine applications.

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